MultiversX Tracker is Live!

Ethereum's Importance

Etherum Reddit

More / Etherum Reddit 156 Views

After reading several articals I think that Ethereum has been adopted by the crypto community and industry as the chain of choice for most blockchain-based decentralized apps" (DApps).

I believe that Ethereum and its compatible networks clearly outweigh all others in terms of the number of DAOs.

According to Snapshot, a blockchain voting platform, there are over 4,200 DAOs and protocols that require governance members, which I found fascinating.

From my point of view another indicator of ETH's importance and value is the fact that Ethereum drives about 95% of the NFT ecosystem, so it's no wonder that when investors seek for an NFT marketplace, OpenSea, Rarible, Nifty Gateway, and others come to mind.

To keep up with all of the new collections minted on the ETH blockchain, we need to employ search engines like LUDO or equivalent that look like Google for NFTs. In terms of tools for founding and maintaining all aspects of DAOs, especially financial but not exclusively, Ethereum is the most established ecosystem.

As other chains gain prominence, this may alter. "How do you feel about the importance of ETH?

submitted by /u/PersonalAd7357
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments